Nigeria’s money supply rises by 62% to N108.9tn as govt spending surges …C0NTINUE READING HERE >>>
Nigeria’s money supply (M3), which indicates a rise in liquidity, government spending, has grown by 62.8 percent year-on-year (YoY) in September 2024 to N108.95 trillion amid the Central Bank of Nigeria’s interventions.
Recent data from CBN showed that the country’s M3 surged to N108.95 trillion in September 2024, compared to N66.94 trillion in the same month last year.
Similarly, on a month-over-month (MoM) basis, the money supply rose by 1.6 percent from N107.19…
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